Can I retire at age 70 with 503,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$41,537$41,167$40,806$40,454$40,110$39,675
2 years$20,563$20,180$19,809$19,449$19,100$18,662
3 years$13,572$13,188$12,818$12,461$12,118$11,690
4 years$10,078$9,694$9,328$8,978$8,643$8,229
5 years$7,982$7,601$7,239$6,896$6,570$6,171
6 years$6,585$6,206$5,850$5,514$5,199$4,815
7 years$5,587$5,212$4,861$4,534$4,228$3,860
8 years$4,839$4,468$4,123$3,803$3,507$3,156
9 years$4,258$3,890$3,551$3,240$2,954$2,618
10 years$3,793$3,429$3,096$2,793$2,517$2,196
11 years$3,413$3,053$2,726$2,430$2,164$1,859
12 years$3,097$2,740$2,419$2,132$1,876$1,585
13 years$2,829$2,476$2,161$1,882$1,636$1,359
14 years$2,600$2,251$1,942$1,671$1,434$1,172
15 years$2,402$2,056$1,753$1,490$1,262$1,014
16 years$2,228$1,886$1,589$1,334$1,116$880
17 years$2,076$1,737$1,446$1,199$989$767
18 years$1,940$1,605$1,320$1,080$880$670
19 years$1,819$1,488$1,209$976$784$586
20 years$1,710$1,382$1,109$884$700$514
21 years$1,611$1,288$1,020$802$627$451
22 years$1,522$1,202$940$729$562$396
23 years$1,440$1,124$868$664$504$349
24 years$1,365$1,053$803$606$453$308
25 years$1,297$989$744$553$408$271
26 years$1,234$929$690$506$367$239
27 years$1,175$874$641$463$331$212
28 years$1,121$824$595$424$299$187
29 years$1,071$777$554$389$270$165
30 years$1,024$734$516$357$244$146
31 years$980$694$481$328$220$130
32 years$939$657$449$301$199$115
33 years$901$622$419$277$180$102
34 years$865$589$392$255$163$90
35 years$831$559$366$235$148$80
36 years$799$531$343$216$134$71
37 years$769$504$321$199$122$63
38 years$740$479$300$184$110$56
39 years$713$455$281$169$100$49
40 years$688$433$264$156$91$44
41 years$663$412$247$144$82$39
42 years$640$393$232$133$75$34
43 years$618$374$218$123$68$31
44 years$598$357$204$113$61$27
45 years$578$340$192$105$56$24
46 years$559$324$180$97$51$21
47 years$541$310$169$89$46$19
48 years$523$296$159$83$42$17
49 years$507$282$149$76$38$15
50 years$491$270$141$71$34$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 70 starting with $503,000, adding $6,830 every year, while hoping to spend $45,202 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 54/26/20 Blend
69$503,000$503,000$503,000$503,000
70$561,351$534,692$526,896$588,265
71$570,514$512,797$496,452$585,563
72$579,097$488,315$463,474$577,289
73$586,993$461,070$427,828$567,305
74$594,082$430,878$389,376$555,462
75$600,232$397,545$347,973$541,596
76$605,293$360,862$303,468$525,532
77$609,102$320,614$255,703$507,079
78$611,475$276,568$204,513$486,033
79$612,207$228,481$149,726$462,170
80$611,072$176,097$91,162$435,247
81$607,819$119,143$28,634$405,002
82$602,168$57,333$0$371,150
83$593,810$0$0$341,512
84$582,401$0$0$317,430
85$567,561$0$0$307,681
86$548,869$0$0$295,611
87$525,858$0$0$280,940
88$498,011$0$0$263,362
89$464,757$0$0$242,534
90$425,464$0$0$218,079
91$379,432$0$0$189,581
92$325,888$0$0$156,577
93$263,976$0$0$118,558
94$192,752$0$0$74,960
95$111,171$0$0$25,161
96$18,080$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0